I'm assuming you've already confirmed there are no pre-payment penalties in your note.Just to be safe, though, you might check with the banker who arranged the loan.

There's a lot of stress in a first deal and trust issues from dealing with your agent, banker and lawyer for the first time I know it seems really easy and I know I've bought properties without seeing them but only after having a couple deals under my belt and doing it for a while If I were you I'd buy a ticket and close your deal in person

My banker says they will give me a personal line of credit with quick turn no doc but only for $25k.

I am currently using Caldwell Banker McKinney and ***..

I am not interested in hard money loans, or mortgage bankers trying to attach to my other homes.

Do both of you have good FICO's and banking connections (for example, commercial banker)?

They would be willing to lend but they would require me to put down 25%, the banker was telling me that it was because of some new fannie and freddie laws within the last couple of yeads. 

The problem is that when I discussed how much of a loan I could get, the banker told me that even if I put $80K down on a $150K house, he couldn't approve a loan because I only make $50,000 a year at my job. 

I actually messaged my banker early this morning about getting a credit line equal to the amount of mortgage equity I have.

Why bother to call wrong departments --unless you are working on short sale or a pre-foreclosure --in this case --yes paying attorney is worth it to start conversation --or negotiation fo a short sale-- as soon as the short sale price is approved-- then have your attorney tactfully mention that --how about we buying NOTE at that price and save all paper works and head aches-- that time lender's attornet will say yes Then you have a chocie to foreclose on house or work out loan modification and let the people stat in the house -- Now you are a banker not landlord and have no title.